Section 138L(2)

Sections 138J(1)(b) and (2) to (5) and 138K do not apply in relation to rules made by the PRA if the PRA considers that the delay involved in complying with them would— be prejudicial to the safety and soundness of PRA-authorised persons, or in a case where section 2C applies, be prejudicial to securing the appropriate degree of protection for policyholders.

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Source: legislation.gov.uk · retrieved 2026-09-04